USD/JPY – 30M – BUYBesides a ‘Bullish Engulfing’ candlestick pattern is detected. The chart shows ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.48600 |
| 2nd High | 154.47600 |
| Next High | 154.34100 |
| Current Price | 154.15900 |
| Next Low | 153.79500 |
| 2nd Low | 153.43900 |
| 3rd Low | 153.32100 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Engulfing